Exencial Wealth Advisors LLC Sells 3,636 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Exencial Wealth Advisors LLC reduced its stake in Exxon Mobil by 9.6%, selling 3,636 shares, and now holds a total of 34,351 shares valued at approximately $4.08 million.
• Several hedge funds have significantly increased their investments in Exxon Mobil, with GAMMA Investing LLC boosting its position by an astonishing 14,242.7%, now owning over 9.4 million shares valued at $1.12 billion.
• Exxon Mobil recently reported earnings of $1.64 per share, surpassing analyst expectations and reflected a 12.4% year-over-year revenue decline, with a consensus price target among analysts set at $125.26.

Exencial Wealth Advisors LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,351 shares of the oil and gas company's stock after selling 3,636 shares during the period. Exencial Wealth Advisors LLC's holdings in Exxon Mobil were worth $4,085,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. GAMMA Investing LLC lifted its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Northern Trust Corp raised its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil during the fourth quarter valued at about $240,653,000. Massachusetts Financial Services Co. MA boosted its position in Exxon Mobil by 8.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after purchasing an additional 1,550,248 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Exxon Mobil by 68.3% in the first quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company's stock worth $405,090,000 after purchasing an additional 1,382,760 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Down 0.6%

Shares of NYSE:XOM opened at $106.56 on Thursday. The firm has a fifty day moving average of $109.73 and a 200 day moving average of $109.05. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $454.28 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 EPS. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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